BMO Capital Markets Has Lowered Expectations for UiPath (NYSE:PATH) Stock Price

UiPath (NYSE:PATH) had its target price cut by equities research analysts at BMO Capital Markets from $16.00 to $11.50 in a report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 6.05% from the company’s previous close.

Other equities analysts have also issued reports about the company. Bank of America reaffirmed an “underperform” rating and issued a $10.00 price target (down from $18.00) on shares of UiPath in a report on Thursday. Royal Bank of Canada cut their target price on UiPath from $16.00 to $13.00 and set a “sector perform” rating for the company in a research note on Thursday. UBS Group reduced their target price on UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a report on Thursday. Evercore ISI lowered their price target on shares of UiPath from $16.00 to $12.00 and set an “in-line” rating on the stock in a report on Thursday. Finally, Scotiabank decreased their target price on shares of UiPath from $15.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.53.

UiPath Trading Up 8.8 %

Shares of PATH stock opened at $10.84 on Friday. UiPath has a 12 month low of $9.50 and a 12 month high of $23.97. The stock has a market capitalization of $5.96 billion, a P/E ratio of -67.78 and a beta of 1.00. The firm’s 50 day moving average is $13.36 and its 200 day moving average is $13.15.

Insider Buying and Selling at UiPath

In other news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $13.06, for a total value of $616,784.62. Following the completion of the sale, the chief financial officer now owns 856,538 shares of the company’s stock, valued at approximately $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Hitesh Ramani sold 25,000 shares of UiPath stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the completion of the transaction, the chief accounting officer now owns 269,421 shares in the company, valued at approximately $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 22.37% of the company’s stock.

Institutional Trading of UiPath

Institutional investors have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC lifted its stake in shares of UiPath by 88.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,454 shares of the company’s stock valued at $31,000 after acquiring an additional 1,152 shares during the last quarter. First Horizon Advisors Inc. lifted its position in UiPath by 47.8% in the fourth quarter. First Horizon Advisors Inc. now owns 2,487 shares of the company’s stock valued at $32,000 after purchasing an additional 804 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in UiPath by 141.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,974 shares of the company’s stock valued at $38,000 after purchasing an additional 1,742 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in shares of UiPath by 33.4% in the fourth quarter. V Square Quantitative Management LLC now owns 3,030 shares of the company’s stock worth $39,000 after purchasing an additional 759 shares during the last quarter. Finally, Quarry LP increased its stake in shares of UiPath by 654.4% in the third quarter. Quarry LP now owns 3,146 shares of the company’s stock worth $40,000 after buying an additional 2,729 shares during the period. 62.50% of the stock is currently owned by hedge funds and other institutional investors.

UiPath Company Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.